For a true Wyckoff spring as a reversal pattern, bullish attempts to test the previous swing high of 4450-4500 (as annotated in blue) or even 4550-4600 (as annotated in green) could be expected.

This creates the potential for a “2B top” pattern in the futures—a reversal formation that occurs when prices attempt to make a new high but ultimately fail to close above the previous high.

Sensex Prediction Tomorrow, 9 June On a technical basis, the market has formed a double bottom reversal pattern on daily charts and is currently trading comfortably above the 20-day SMA (Simple ...

DOT experienced a volatile 24-hour period with a substantial range of 0.193 (5.1%), initially attempting to establish an uptrend with a peak at $3.787 before encountering strong resistance. The price ...

Not an offer or recommendation by Investing.com. See disclosure here or remove ads. This creates the potential for a “2B top” pattern in the futures—a reversal formation that occurs when prices ...